Wednesday, 22 April 2015

Stock Future Tips: Sensex and Nidty Trend Higher:IT Stock is in Pressure

Indian markets edged higher in early trade with selling pressure in IT stocks capping the gains.

The Sensex is up 50.49points at 27726.53and the Nifty is up 3.85points at 8381.60. About 1155 shares have advanced, 529 shares declined, and 99 shares are unchanged.

Dr Reddy's Labs, HUL, Hero Motocorp, Sun Pharma and Tata Steel are major gainers in the Sensex. Among the losers are Wipro, GAIL, Hindalco, Bharti Airtel and Infosys.

Stock Future Calls: 

'Buy Adani Enterprises with a T1-664 T2-669 T3-674 Stop loss of Rs 663.60

Buy M&M Financial with a target of Rs 281 and a stop loss of Rs 269. 
Sell Motherson Sumi with a target of Rs 489.20 and a stop loss of Rs 507. 
Sell Arvind with a T1- 269 T2-272 T3-275 with SL-271

Sell Apollo Tyres with target of Rs 164 and a stop loss of Rs 178.


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